Amplify Online Retail ETF (NYSEARCA:IBUY) Shares Down 1.1% – Should You Sell?

Amplify Online Retail ETF (NYSEARCA:IBUY)’s stock price dropped 1.1% on Tuesday . The company traded as low as $69.11 and last traded at $69.12. Approximately 2,662 shares were traded during mid-day trading, a decline of 84% from the average session volume of 16,274 shares. The stock had previously closed at $69.87.

Amplify Online Retail ETF Price Performance

The firm has a market capitalization of $120.96 million, a P/E ratio of 23.29 and a beta of 1.46. The firm’s fifty day moving average price is $67.05 and its 200-day moving average price is $68.31.

Hedge Funds Weigh In On Amplify Online Retail ETF

Several hedge funds have recently modified their holdings of the company. Susquehanna International Group LLP bought a new stake in shares of Amplify Online Retail ETF in the 3rd quarter worth $3,473,000. Ameriprise Financial Inc. boosted its stake in Amplify Online Retail ETF by 19.9% during the third quarter. Ameriprise Financial Inc. now owns 41,833 shares of the company’s stock valued at $3,187,000 after buying an additional 6,947 shares in the last quarter. Moran Wealth Management LLC grew its holdings in Amplify Online Retail ETF by 41.6% during the first quarter. Moran Wealth Management LLC now owns 34,604 shares of the company’s stock worth $2,163,000 after acquiring an additional 10,167 shares during the period. Commonwealth Equity Services LLC grew its holdings in Amplify Online Retail ETF by 8.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 19,286 shares of the company’s stock worth $1,436,000 after acquiring an additional 1,439 shares during the period. Finally, Ameritas Advisory Services LLC bought a new stake in Amplify Online Retail ETF in the fourth quarter worth about $833,000.

About Amplify Online Retail ETF

The Amplify Online Retail ETF (IBUY) is an exchange-traded fund that is based on the EQM Online Retail index. The fund tracks an index of global stocks issued by firms with revenues dominated by online retail sales. Stocks are equally weighted within two geographic buckets. IBUY was launched on Apr 20, 2016 and is managed by Amplify.